Are you interested in finding a car loan in Yuba City, CA with bad credit or no money down? Here at Auto Loan in California, our network of California auto loan lenders has you covered. You can submit an application for your Yuba City CA car loan in as little as 3-4 minutes.
Auto Loan Basics
- To start, you’ll want to submit your application online.
- We connect you, if possible, to the best California car loan company for your needs.
- Finalize your auto loan paperwork and select your car from a nearby dealership.
Follow this link to submit your application online.
Income and Credit History
- Average Yuba City Income: $26,760 Yearly
- Average CA Credit Score: 672
Generally, auto loan lenders will want you to earn a minimum of $1500 income monthly. In addition, your level of existing debt, inclusive of your new loan, should not exceed fifty percent of your wages. For car shoppers who live in Yuba City, CA, this rounds out to $1,115 (average).
Even if your income doesn’t satisfy these criteria, you might qualify with a co-buyer, more money down, or even through buy here pay here financing in Yuba City, CA.
In terms of California car loans, you’ll want to invest only 18-20% of your regular monthly income for such things as:
- Monthly Payments
If you earn $26,760 annually, the Yuba City average, this equals $401 to $446 each month. Please don’t spend more than 1/5 of your income on your car.
Automobile Financing with Bad Credit in Yuba City, California
It is very important to budget thoroughly for your car loan in Yuba City, CA. This guideline is key: don’t commit over 15% of your income each month toward paying off your bad credit loan.
- $335: 15% of average income in Yuba City, CA
- $112: 5% for gas, maintenance, etc.
Additionally, it’s good to provide the biggest down payment possible. New automobiles depreciate quickly, but a down payment compensates for this.
Car Loans After Bankruptcy or Repossession: Yuba City, CA
Without a doubt, bankruptcies and repossessions can be disastrous for your credit rating. Are you afraid that it won’t be possible to secure a car loan after bankruptcy or repossession? Yes, it may well take increased time and effort, but there are creditors that provide car financing for folks with bankruptcy in Yuba City, CA. Generally, you should be expecting two or three drawbacks: elevated loan rates and considerable down payment demands, especially in case the bankruptcy or foreclosure is fairly new.
Buy Here Pay Here Dealerships in Yuba City (CA)
Due to the economy in CA, buy here pay here financing is becoming a good deal more common. These dealerships have a few different names: Tote the Note, Your Job is Your Credit, or in house financing dealerships in Yuba City, CA.
If you have poor credit, locating an in house financing car dealership in Yuba City, CA might seem like the best choice.
Unfortunately, there are some potential disadvantages. The loan rates and advance payments are high, and you won’t have much of a chance to repair your credit score through this kind of an establishment.
You should definitely check out any CA in house financing car dealership on the web. Try and talk to a friend or relative who has bought a car from them before. Find out whether or not they would recommend them.
Used or In House Financing Dealers in Yuba City (CA)
- Auto Club, 2941 Commercial Drive, 95993
- Autos Unlimited, 749 Garden Highway, 95991
- Sunrise Modern Classic Motors, 647 Garden Hwy, 703
- Wheeler Mazda, 350 Colusa Ave, 95903
- Larry Geweke Ford, 871 E Onstott Rd, 95903